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Friday, February 21, 2025

Vatican ‘Let Down’ by Financier Over Property Deal, Judge Says

 


  • London court rules Mincione wasn’t dishonest or a fraudster
  • Disputes centers on sale of Harrods warehouse for huge loss

The Vatican was “utterly let down” by a financier over the purchase of a luxury London property that left the city state facing more than €100 million ($105 million) in losses, a London judge ruled.

Raffaele Mincione, who was previously convicted in the Vatican City over his dealings with the Chelsea property had turned to a London court in a bid to clear his name. On Friday, he successfully won a ruling that he couldn’t be considered dishonest or participated in a conspiracy, but the the judge refused to say that he acted in good faith.

https://www.bloomberg.com/news/articles/2025-02-21/vatican-let-down-by-financier-over-property-deal-judge-says

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